M&A Deal Summary

Timken Acquires Lagersmit Sealing Solutions

On December 21, 2023, Timken acquired marine company Lagersmit Sealing Solutions

Acquisition Highlights
  • This is Timken’s 1st transaction in the Marine sector.
  • This is Timken’s 2nd transaction in the Netherlands.

M&A Deal Summary
Date 2023-12-21
Target Lagersmit Sealing Solutions
Sector Marine
Buyer(s) Timken
Deal Type Add-on Acquisition

Target

Lagersmit Sealing Solutions

Alblasserdam, Netherlands
Lagersmit Sealing Solutions is a manufacturer and sells shaft seals for ship screws, pumps and tidal turbines. Lagersmit Sealing Solutions was established in 1856 and is headquartered in Alblasserdam, Netherlands.

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Buyer(S) 1

Buyer

Timken

North Canton, Ohio, United States
Category Company
Founded 1899
Sector Machinery
Employees19,000
Revenue 4.8B USD (2023)
DESCRIPTION
Entrance to Timken's corporate headquarters in North Canton, Ohio.
Entrance to Timken's corporate headquarters in North Canton, Ohio.

Timken designs, engineers, manufactures and markets Timken bearings, transmissions, gearboxes, chain and related products, and offers a spectrum of power system rebuild and repair services around the world. Timken was founded in 1899 and is based in North Canton, Ohio.

DEAL STATS #
Overall 39 of 40
Sector (Marine) 1 of 1
Type (Add-on Acquisition) 34 of 35
Country (Netherlands) 2 of 2
Year (2023) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-26 TWB

China

TWB manufactures roller bearings for elevators, construction equipment and other general industry applications that are sold under the TWB brand.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-05 CGI

Carson City, Nevada, United States

CGI manufactures precision drive systems serving a broad range of automation markets with a concentration in medical robotics. CGI is based in Carson City, 89706, Nevada.

Buy -
Mergr

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